Fed Chair Powell and Treas. Sec. Mnuchin testify on economic risks from COVID-19

Fed Chair Powell and Treas. Sec. Mnuchin testify on economic risks from COVID-19

Fed. Chair Jerome Powell and Treas. Sec. Steven Mnuchin testified to the Senate Banking Comm. Tuesday on the economic outlook and what must be done to prevent ’lasting damage’ to the economy. Powell stressed that Congress must consider further support to states, localities, businesses and individuals to avoid an even deeper recession. Mnuchin said that businesses need to be allowed to reopen soon.

Skeptic
Skeptic
Skot
Skot 2 weeks

I'll save you some time. "The economic impact is far more severe and widespread than the effects of this virus."

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